Neelachal Ispat Nigam Ltd, one of the largest Pig iron manufacturers in India, has increased domestic offers for Pig iron by INR 500/MT.
Currently, offers for N1 grade (Si content below 1.24%) Pig iron are assessed at INR 15,700/MT, ex-Cuttack, with discounts of upto INR 400/MT on bulk purchase. While, N2 grade (Si content 1.25-2.25%) Pig iron is offered at INR 16,000/MT ex-Cuttack, with discounts of upto INR 300/MT on bulk purchase.
Discount Table
| N1 Grade Pig iron Prices | ||
| Quantity | Discount Offered | Offers in INR/MT, ex-Cuttack |
| Upto 500 MT | No discount | 15,700 |
| 500 to 2,000 MT | 100 | 15,600 |
| 2,000 MT to 5,000 MT | 200 | 15,500 |
| 5,000 MT to 10,000 MT | 300 | 15,400 |
| Above 10,000 MT | 400 | 15,300 |
| N2 Grade Pig iron Prices | ||
| Upto 500 MT | No discount | 16,000 |
| 500 to 1,000 MT | 100 | 15,900 |
| 1,000 MT to 2,000 MT | 200 | 15,800 |
| Above 2,000 MT | 300 | 15,700 |
N1 grade quantity available for sale: 20,000 MT approx
N2 grade quantity available for sale: 3,000 MT approx
Offer Valid till 11 Jan’16
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